Mekong Enterprise Fund IV to invest $5 million in HUSK

The investment exemplifies MEF IV's dedication to generating both financial returns and meaningful social and environmental impact across the region.

Founded in 2017 by two female entrepreneurs, Heloise Buckland and Carol Rius, later joined by Richard Kendall in 2019, HUSK has rapidly emerged as a major player in the agricultural sector. By leveraging its innovative technology, HUSK produces biochar, carbon-based fertilisers, and crop protection products designed to address the challenges faced by farmers, including the yield gap, pests, diseases, and poor soil and nutrient management, all exacerbated by climate change.

Heloise Buckland, CEO and co-founder at HUSK, said, "Our mission is to accelerate the transition to regenerative agriculture by developing a unique set of technologies that builds soil, sinks carbon, and promotes climate resilience. Our products are better value for money and support long-term soil health, crop protection, and improved water and nutrient efficiency. This commitment from Mekong Capital to support our vision could not have come at a more critical time - when the need for viable, scalable, and impactful solutions to runaway soil degradation is at its most urgent."

"This announcement is transformative to the continuing rapid development of HUSK as a top producer of organic fertilisers and to the uptake of biochar in regenerative agricultural practices across Southeast Asia," added Buckland.

Ellen Van, principal at Mekong Capital and deal leader for the investment in HUSK, said, "We are honoured to partner with HUSK in bringing together knowledge and innovation that accelerates the transition to regenerative agriculture. At Mekong Capital, we believe in investing in companies that deliver financial returns and create meaningful social and environmental impact. We look forward to supporting HUSK's growth in the years to come and showcasing the positive correlation between impact and returns."

Choosing people, environment, and financial return for investors Mekong Capital is making a deeper foray into sustainability. Ellen Van, the fund’s investment principal, spoke to VIR’s Linh Le about how it assesses and manages risks, and the importance of authenticity in its sustainability endeavours.

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